You Make the Call-Situation 1
Ethan Moore is a college student in Phoenix, Arizona, currently enrolled as an entrepreneurship major. Moore's home is in Chandler, Arizona, a nearby city where he is considering purchasing a franchise. The franchise caught his interest while he was on a shopping trip to the Tucson Mall, and is operated by an Idaho-based gumball company named Gumball Gourmet.
Moore talked to the owner of the franchise at the Mall while he was stocking the kiosk, which is set up in three tiers with 47 gumball machines and a money changer. The owner mentioned in their brief conversation that this particular kiosk had sold 12,000 gumballs in the last 30-day period.
From information he found at the Gumball Gourmet Web site, Moore determined that franchises are available with as little as a $25,000 investment.
(Source: http://www.gumballgourmet.com, September 2003.)
Correct Answer:
Verified
HYPERLINK "http://www.franchise.org" http://www.franchise...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q82: What options are available to the aspiring
Q85: Which of the following is (are) valid
Q86: Discuss the function of a master licensee.
Q88: You Make the Call-Situation 2
Scott Prewitt, 23,
Q88: Briefly compare and contrast "product and trade
Q89: Of the following who is not an
Q93: In evaluating the financial health of an
Q94: Define the terms franchising, franchiser, and franchisee.
Q95: List the advantages of franchising to a
Q100: List and describe the cost components of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents